About Steem Dollars
Steem Dollars (SBD) is a cryptocurrency . Steem Dollars has a current supply of 9,801,650.135. The last known price of Steem Dollars is 0.80318879 USD and is down -2.47 over the last 24 hours. It is currently trading on 7 active market(s) with $1,181,739.94 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
$8,472,122.03
FDV
Not enough data
Circulating Supply
9,801,650.135 SBD
Max Supply
Not enough data
Total Supply
9,801,650.135 SBD
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$548,865.04
-0.35%
Volume (7D)
$10,160,178.42
Volume (30D)
$16,419,242.80
All time high
$22.34
Overall Price Change (1Y)
-0.79%
Additional info about Steem Dollars
Recent trends
The price of Steem Dollars has decreased by 0.34% in the last hour and increased by 9.88% in the past 24 hours. Steem Dollars’s price has also risen by 14.61% in the past week. The current price is $0.87 per SBD with a 24-hour trading volume of $548.87K. Currently, Steem Dollars is valued at 96.12% below its all time high of $22.34. This all-time high was the highest price paid for Steem Dollars since its launch. The current circulating supply of Steem Dollars is 9,801,650.135 SBD which means that Steem Dollars has as total market cap of $8,472,122.03.
Market details
SBD vs markets
↘ 82.37%
SBD vs BTC
↘ 84.03%
SBD vs ETH
↘ 58.76%
Tags
media
content-creation
stablecoin
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | $0.87 | ↗ 9.88% |
1 Day | $0.79 | ↗ 9.88% |
1 Week | $0.76 | ↗ 14.61% |
1 Month | $0.81 | ↗ 6.81% |
1 Year | $4.13 | ↘ 78.99% |
FAQ
Steem Dollars (SBD) are liquid stable-value cyprtocurrency tokens pegged to USD A currency peg is a method in which a national government fixes the exchange rate of its currency with a foreign currency. SBDs are part of the parent Steem blockchain. Steem is a social blockchain that builds community while also providing users with direct revenue sources. The users are rewarded with STEEM tokens for sharing content on Steemit. Steem Dollars can be exchanged into STEEM and transferred to other accounts for use in commerce or exchange.
According to its whitepaper, social media network shareholders gathered huge profits from user-generated content. The content creators don't make any income. Steem reverses the model, giving the highest value to those who contribute the most. Users become platform stakeholders, keeping control of their data, and earning rewards for each creation. However, these rewards are inconsistent if the token price is volatile. It is noteworthy that successful global economies have a high level of stability and individuals worldwide are unable to engage in commerce and savings if there is no stability. Steem Dollars were created to bring stability to the world of cryptocurrencies and to the individuals who utilize the Steem network.
Steem Dollars aims to shield traders from price volatility and manipulation. The Steem protocol safeguards the community from manipulation by enabling people to only convert from SBD to STEEM and not the other way around. The blockchain determines how and when SBD is created and who receives it, stabilizing the pace of SBD formation and eliminating most of the potential for misuse.
To earn SBD, users need to mine them. Contributing to the platform is considered as the Proof-of-Work for mining. On Steemit, users earn income by publishing blogs, commenting, and upvoting. The concept is that those who publish helpful blogs would receive more up-votes. Users will not vote up stuff that is not helpful. When bloggers gain upvotes, they are rewarded with SBD.
The first block of Steem blockchain was launched on March 24, 2016, following which the whitepaper was released in August of 2017.
We update our Steem Dollars to USD currency in real-time. Get the live price of Steem Dollars on Coinbase.
The current market cap of Steem Dollars is $8.47M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Steem Dollars is $22.34. This all-time high is highest price paid for Steem Dollars since it was launched.
Over the last 24 hours, the trading volume of Steem Dollars is $548.87K.
Assets that have a similar market cap to Steem Dollars include Guild of Guardians, Slothana, TrustSwap, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Steem Dollars is 9.8 million.
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Social stats
Popularity in posts
#2445
Contributors
54
Posts
83
% About Steem Dollars
0.009%
Hold times
0 days
X (Twitter)
22.86% bullish
Sentiment
3.9 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
54 unique individuals are talking about Steem Dollars and it is ranked #2,445 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Steem Dollars has an average sentiment score of 78 out of 5. Finally, Steem Dollars is becoming less newsworthy, with 0 news articles published about Steem Dollars.
On Twitter, people are mostly neutral about Steem Dollars. There were 44.03% of tweets with bullish sentiment compared to 92.59% of tweets with a bearish sentiment about Steem Dollars. 55.97% of tweets were neutral about Steem Dollars. These sentiments are based on 77 tweets.
On Reddit, Steem Dollars was mentioned in 6 Reddit posts and there were 12 comments about Steem Dollars. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.